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Bitcoin 1-Day Frame

Bullish Scenario

A daily close above $112,000 will confirm the continuation of the upward trend towards

$112,950 then $115,000 – $117,000

Bearish Scenario

Failure to exceed $111,999 + breaking support at $109,000 may lead to a correction towards

$105,000 then $102,300

The current trend is upward, provided it breaks above 112K.

However, if a reversal candle appears at this resistance, a temporary corrective drop may occur.